Houses are a-selling around Arlington VA!
March 24th, 2009 Categories: Arlington Dirt, Market Stats
As you know, I am a big fan of numbers. Although I guess I should add that people can twist numbers and statistics sometimes to show what they want to show. However, there’s one set of numbers that just don’t lie - you know what they are… CONTRACTS RATIFIED! And last week we exceeded last year’s numbers for the same week. We ratified 51 contracts in Arlington county last week compared with 49 in 2008. Out of the 11 weeks reported so far in 2009, 3 of them had numbers higher than last year! YES – that’s big.
I’m not sure the story it tells, but one thing’s for sure – there are small indicators all around us that we might be heading for better times… Contract writing is stabilizing – of course, 4.5% interest rates don’t hurt a bit! The stock market is showing some glimmers of some gains (according to CNN, last week saw the 2nd consecutive week ending with a gain since May of 2008) and this week seems to be (so far) heading in the same direction! I’m not getting ahead of myself, a few good markers do not a turn-around make, but I’m optimistic.
I’m working with many buyers right now – after all, if you’re considering buying, why wouldn’t you drop what you’re doing and jump in NOW? Did you read what I said in the last paragraph? 4.5% interest rates? Of course you must have good credit, a job and some assets, but that’s not news. If you’d like to consider getting into the game and would like a friendly competent realtor to show you the way, drop me a line! I always have time for new clients and referrals!
Meanwhile, celebrate spring! The sky is blue the air is clean and crisp – flowers and trees are blooming (ahhh-chooo) and it’s a great time to be alive!
Happy Tuesday
Jennifer
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